Litecoin tilted lower with a 1% loss on Wednesday away from November 29 highs for the third session out of four, erasing the gains of last week, which were the first in four weeks. 

As of 05:50 GMT, Litecoin fell 1.21% to $30.901, with an intraday low at $30.227, and a high at $31.567. 

The Group of 20 has pledged on Friday after the Argentinean summit t regulate crypto trading in order to combat money laundering and terrorism funding. 

Last month, International Monetary Fund head Christine Lagarde suggested on global central banks and their respective governments the possibility of issuing their own digital currencies to make them more stable and controlled and accessible for all sectors instead of the current mayhem in that market. 

Lagarde believes that payments through digital currencies would be instant, safe, and cheap, and while they would be anonymous, central banks will keep a database of all payments, cutting out fraud and money laundering operations. 

The Path of Litecoin

Litecoin was first publicly offered in the first half of 2013 at only $3, marking record lows at below $1 in early 2015 before taking off on its long and spotted journey higher. 

The cryptocurrency pierced $100 for the first time on November 29, 2017, before scaling a record high at $370.78 on December 19, and plummeting back below $100 on June 12, before marking 17-month lows on November 25 at $27.726.  

Silver futures fell nearly one percent in Asian trade off November 5 highs for another session as the dollar index climbed off November 22 lows, while the US market shuts down for the official holiday declared by President Donald Trump in honor of late President George H.W. Bush. 

As of 05:45 GMT, silver futures due in March fell 0.72% to $14.54 an ounce away from month highs, while the dollar index rose 0.19% to 97.15 away from two-week lows. 

US three-year treasury bond yields rose over 5-year ones, while long-term yields fell, in a sign of potential recession and economic instability as investors fret over the unclear details regarding the US-China trade agreement reached recently between Presidents Donald Trump and Xi Jinping. 

Global stocks were thus hit by market uncertainty, in turn buoying gold as a safe haven to five-month highs yesterday before slipping today on profit-taking. 

A scheduled Congress testimony by Fed Chair Jerome Powell was delayed to today after President Donald Trump declared Tuesday an official holiday in honor of late President George H.W Bush. 

Later this week, Powell will speak about the economy and rural America at the Housing Assistance Council's annual event, in Washington DC, while the payrolls report is expected to show no change in the unemployment rate at 3.7%. 

Gold futures fell in Asian trade off July 13 highs for another session as the dollar index climbed off November 22 lows, while the US market shuts down for the official holiday declared by President Donald Trump in honor of late President George H.W. Bush. 

As of 04:59 GMT, gold futures due in February fell 0.53% to $1,240.00 an ounce off five-month highs, while the dollar index rose 0.16% to 97.12 off two-week lows. 

US three-year treasury bond yields rose over 5-year ones, while long-term yields fell, in a sign of potential recession and economic instability as investors fret over the unclear details regarding the US-China trade agreement reached recently between Presidents Donald Trump and Xi Jinping. 

Global stocks were thus hit by market uncertainty, in turn buoying gold as a safe haven to five-month highs yesterday before slipping today on profit-taking. 

A scheduled Congress testimony by Fed Chair Jerome Powell was delayed to today after President Donald Trump declared Tuesday an official holiday in honor of late President George H.W Bush. 

Later this week, Powell will speak about the economy and rural America at the Housing Assistance Council's annual event, in Washington DC, while the payrolls report is expected to show no change in the unemployment rate at 3.7%. 

Australian dollar fell off August 9 highs for the third straight session against its US counterpart, following earlier GDP data from Australia while the US market shuts down for the official holiday declared by President Donald Trump in honor of late President George H.W. Bush. 

As of 03:59 GMT, AUD/USD shed 0.52% to 0.7300, with an intraday low at 0.7295, and a high at 0.7356. 

Earlier Australian data showed an index tracking the services sector rose to 55.1 from 51.1, while GDP growth slowed down to 0.3% in the third quarter from 0.9%, missing estimates of 0.6%. 

On a yearly basis, growth clocked in at 2.8%, down from 3.1%, while Reserve Bank of Australia's policymakers voted to maintain interest rates at 1.5% for the 26th meeting in a row.